In 2024, the Web3 trade is predicted to turn out to be extra sturdy, with elevated Bitcoin involvement, mergers, acquisitions, and RWA tokens.
Blockchain funding and advisory agency The Spartan Group has highlighted a number of thrilling issues within the Web3 area which are anticipated in 2024. In a current Medium publication, the corporate revealed predictions made by a number of stakeholders related to the Spartan Group, each providing their ideas on blockchain and Web3 subsequent yr.
In response to Spartan Capital’s co-founder, companion, and CIO Kelvin Koh, 2024 shall be an thrilling yr for AAA-quality Web3 video games. Koh believes there shall be a number of sport launches subsequent yr, a lot of which can entice gamers of their tens of millions. Koh additionally believes that the success of those video games will “reveal why Web3 video games are the logical subsequent evolution to current Web2 video games.”
Web3 to Introduce Extra Bitcoin Involvement, RWA Tokenization and M&A in 2024
Spartan Advisory’s co-founder and companion, Melody He, has extra expectations for subsequent yr, principally round Bitcoin and client apps. He expects extra energy on the Bitcoin blockchain and improved client apps that combine non-fungible tokens (NFTs). One other expectation from He’s a significant give attention to crypto from Asian markets. This contains all the pieces from fundamental crypto buying and selling to institutional and enterprise adoption.
For Spartan Group Affiliate Yan Ma, the spotlight for Web3 in 2024 would be the tokenization of real-world property (RWA). This will additionally prolong to minting and securing these tokens on the Bitcoin community. Ma can be fairly bullish on Bitcoin, anticipating extra layer-2 (L2) options to assist Bitcoin with interoperability and scalability. In response to Ma, this can help with “unlocking $850B+ [in] unproductive BTC capital and paving the best way for institutional adoption.”
Away from Bitcoin into the broader blockchain is Ma’s optimism about Web3 and decentralized science (DeSci). In response to Ma, “DeSci [will be] getting extra traction as a robust use case of Blockchain – utilizing Web3 expertise to determine a safe, lasting document of scientific contributions that permits honest credit score allocation, simplifies transactions, permits worldwide useful resource sharing, and overcomes financial obstacles.”
Casper B Johansen, one other Spartan Advisory co-founder and Companion, believes that the Web3 trade will see loads of progress and consolidation, mirrored by mergers and acquisitions (M&A). Johansen thinks this can occur in 3 methods: native consolidation amongst rivals, regional consolidation amongst gamers in neighboring markets, and strategic cross-continent consolidation amongst main gamers. The M$A consolidation can even unfold to Web3 sectors like staking, funds, knowledge and analytics, prime brokerage, and custody.
{Hardware}, Software program, AI and Blockchain Union
2024 can be more likely to include some cohesion between {hardware} and Web3-related software program. Spartan Labs’ Chief Inventive Officer Adrian Lai expects extra “crypto sparks,” leading to a “sturdy economic system round Autonomous Onchain Brokers.” Lai’s expectations stem from the introduction of ideas like NFT purposes, Networked Playable Characters, and Crypto AI Brokers, in 2023. Lai additionally believes there shall be a “corresponding wave of digital items and experiences” stemming from the anticipated Apple Vision Pro.
In response to Spartan Labs CTO Audrey Taylor-Akwenye, one other thrilling prediction is the union between blockchain and synthetic intelligence (AI).
“We have now analysis and new use instances round Zero Information and Machine Studying (ZKML). We have now video games permitting you to coach AI brokers utilizing ERC6551 (Parallel). I imagine over the subsequent yr, we’ll see extra methods AI can be utilized to boost the person expertise and effectivity of Web3 in addition to extra blockchain tech getting used as guardrails and transparency layers for AI,” stated Audrey.